Unit 4 quiz Property description
A street address would be adequate property description for a A-Short term lease B-Sales contract C-Special warranty deed D-Deed of trust
A
If the local market value of undeveloped land is $25,000 per acre, what is the value of the lot that has 21,780 square feet? A-$12,500 B-$15,755 C-$215,422 D-$544,500
A
The section directly below C is A-Section 7 B-Section 12 C-Section 25 D-Section 30
A
Which method of legal description is not used in North Carolina? A-Government survey system B-Metes and bounds C-Informal reference D-reference to recorded plat
A
Which of the following is section d? A-section 1 B-section 6 C-section 31 D-section 36
A
Which of these shaded areas of a section depicts the NE 1/4 of the SE 1/4 of the SW 1/4? A-Area one B-Area two C-Area three D-Area four
A
A buyer purchased a half acre parcel for $2.15 per square foot. What was the selling price of the parcel? A-$774 B-$46,827 C-$1376 D-$93,654
B
A monument is used in which of the following types of legal descriptions? A-Lot and block B-metes and bounds C-rectangular survey D-Government survey
B
A rectangular Parcel of land was purchased that contain 350 acres with 1300 feet of road frontage. An investor wants to buy the neighboring rectangle tract that has the same depth but has 6000 feet of road frontage. How many acres are in the tract of land that the investor wants to buy? A-1430 acres B-1615.4 acres C-1815.3 acres D-1840 acres
B
An exact way of describing real estate in a contract, deed, mortgage, or another document that will be excepted by a court of law is called A-A survey B-A legal description C-An informal reference D-Principal meridian
B
In describing real estate, The system that may use a properties physical features to determine boundaries and measurements is A-Rectanglar survey B-metes-and-bounds C-Government survey D-lot and block
B
In describing real estate, the system that uses feet, degrees, and natural markers is the A-Rectangular survey B-metes-and-bounds Description C-Government survey D-lot and block system
B
A parcel of land is 660' x 660', and a small stream equally divides the parcel into two lots. How many acres are contained in each lot? A-0.5 B-2.5 C-5 D-10
C
If the property being transferred is residential property with in an established subdivision, the most commonly used legal description would be A-Street address B-metes-and-bounds C-Reference to a recorded plat D-reference to a recorded deed
C
If you purchase the lot that is 125' x 150' for $6468.75, what price did you pay per front foot? A-$23.52 B-$43.13 C-$51.75 D-$64.69
C
In a sales contract which of the following is an acceptable legal description of property? A-MLS number of the listed property B-"Johnson property on Maple Street" C-metes-and-bounds description D-Lot number
C
The section marked a is which of the following? A-School section B-Section 31 C-Section 36 D-Government lot
C
Which of the following is section 6? A-a B-b C-c D-d
C
Which of the following lots as the most road frontage on Jasmine Lane? A-Lot 10, block B B-Lot 11, block B C-lot 7, block A D-lot 2, block a
C
Which of the following statements is true? A-Lot 9, block a is larger than lot 12 in the same block. B-The plat for the lots on the southerly side of Wolf Road between goodrich Boulevard and carney Street is found on sheet three. C-Lot 8, block a has the longest road frontage. D-lot 11, block B has more frontage then lot two, block a.
C
On the plat, how many lights have easements? A-one B-two C-three D-four
D
The N1/2 of the SW1/4 of a section contains how many acres? A-20 B-40 C-60 D-80
D
When surveying land, a surveyor refers to the principal meridian that is A-Nearest the land being surveyed B-In the same state as the land been surveyed C-Not more than 40 townships or 15 ranges distant from the land been surveyed. D-within the rectangular survey system area in which the land being surveyed is located.
D
